Can Phil Roux save Nampak?
Nampak has been crushed by misadventures in Africa and a staggering debt bill. But the group may finally have found its turnaround guy
Interim CEO Phil Roux’s promise to “behave like we are owners and think like shareholders” could be just what Nampak needs to garner support for a much-needed — but unpopular — rights issue.
Nampak’s shares spiked more than 20% last week during Roux’s presentation to shareholders, which included a plan to crack down on costs “as other players are trying to eat our lunch”. His candour was a welcome departure from previous investor interaction by Nampak executives...
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